<p>Bengaluru: Fifteen Japanese companies committed investments to the state and signed Memoranda of Understanding (MoUs) worth Rs 7,500 crore during the Invest Karnataka Summit on Wednesday. </p>.<p>The commitments span sectors like automobile manufacturing, industrial automation and advanced technology, as per a statement. “Karnataka is emerging as the preferred investment destination for Japanese enterprises,” it added.</p>.Suzlon Group to establish wind turbine blade manufacturing facility in Karnataka's Vijayapura.<p>The biggest of these was an amount of Rs 3,748 crore, promised by Toyota Kirloskar Motor Private Limited. The remaining commitments were of Rs 600 crore and below, respectively. Hitachi Construction Machinery Co Ltd also signed an MoU to establish a GCC plant in Dharwad. Another key MoU was signed with SMRJ (Organisation for Small and Medium Enterprises and Regional Innovation, Japan), that aims to drive further tech-driven growth and collaborations between SMEs of both countries.</p>.<p>Beyond technology-sharing and global partnerships, the investments are expected to drive employment and economic growth in Karnataka.</p>
<p>Bengaluru: Fifteen Japanese companies committed investments to the state and signed Memoranda of Understanding (MoUs) worth Rs 7,500 crore during the Invest Karnataka Summit on Wednesday. </p>.<p>The commitments span sectors like automobile manufacturing, industrial automation and advanced technology, as per a statement. “Karnataka is emerging as the preferred investment destination for Japanese enterprises,” it added.</p>.Suzlon Group to establish wind turbine blade manufacturing facility in Karnataka's Vijayapura.<p>The biggest of these was an amount of Rs 3,748 crore, promised by Toyota Kirloskar Motor Private Limited. The remaining commitments were of Rs 600 crore and below, respectively. Hitachi Construction Machinery Co Ltd also signed an MoU to establish a GCC plant in Dharwad. Another key MoU was signed with SMRJ (Organisation for Small and Medium Enterprises and Regional Innovation, Japan), that aims to drive further tech-driven growth and collaborations between SMEs of both countries.</p>.<p>Beyond technology-sharing and global partnerships, the investments are expected to drive employment and economic growth in Karnataka.</p>
